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Germany’s Gas Storage Falls to Late‑Winter Lows, With Bavaria Most Exposed

A special Trading Hub Europe auction secured short‑term rule‑energy capacity for February to March at a cost of €59.1 million.

Overview

  • National storage stands at roughly 20% as of February 23, while Bavaria’s sites average about 25.5% and Wolfersberg is down to around 3.6–5%.
  • Trading Hub Europe contracted 21,300 MW for late February and 15,000 MW for early March under the special tender, lifting total winter LTO provisioning costs above €100 million funded via consumer levies.
  • The Federal Network Agency and the economy ministry say current supply remains secure, citing pipeline flows and LNG imports, and major utilities report no immediate constraints.
  • Bavaria’s Green caucus demands a Landtag report from Economics Minister Hubert Aiwanger, criticizing the end of the storage levy and warning of greater reliance on LNG.
  • Storage operators cite poor summer‑winter spreads and have filed or planned decommissionings, including Wolfersberg from April 2027 and Uniper’s Breitbrunn from March 2027, raising concerns about future capacity.